Understand I use BP to continue my ongoing education of real estate and ask questions to get feedback and information. 

It's not in too bad shape, but was a smoker's house and hasn't had any cleaning done in years.Based on a quick walk-through I'm looking at internal painting, minimal external painting, carpet replaced (or removed to get to the hardwood floors where possible), a bunch of minor repairs to things like gutters/eaves/etc.In a perfect world, this relationship would continue to care for the property as issues occur in the future.

I have already used up my "trial" look ups and am at the point that I would need to subscribe in order to continue using the service, so I am trying to justify if it is worth the cost.  

E - 1/1 $450 lease from 7/26/2006 - Middle aged male likely to continue to stay for an extended time.Taxes on the building would be roughly $2500, Insurance estimate $1200.

Do you bill the client (me), or do you allow for rollover if you continue to be engaged for the service until consummation?

You could also release the other tenant from their lease however the problem will continue with the next tenant.In reality you can never correct a noisy tenant issue except by getting rid of them.

I hope to become a more established BP member as time goes on, but until then i will continuously scour the forums for investing tips and tricks!

I've heard too many horror stories in which the investor bought the house, allowed the seller to continue living there (on a lease) and then the seller (now tenant) sued the investor claiming they didnt know they were "actually selling the house".

After that I will be able to use the BRRRR strategy to continue building my portfolio. 

Most people appoint themselves as trustee so that they can continue to manage their assets while they are alive and will appoint a successor trustee so that if they die or become incapacitated, this successor trustee can take over and manage the properties.